Torrance, CA 90505,23870 Los Codona AVE
Torrance, CA 90505,23870 Los Codona AVE
Torrance, CA 90505,23870 Los Codona AVE
Torrance, CA 90505,23870 Los Codona AVE
Torrance, CA 90505,23870 Los Codona AVE
Torrance, CA 90505,23870 Los Codona AVE
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$4,225,000

$5,000,000

15.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

0.4 Acres Lot


SOLD DATE : 11/06/2024

Key Details

Sold Price $4,225,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PV24169147

Sold Date 11/06/24

HOA Y/N No

Year Built 1964

Lot Size 0.400 Acres

Property Description

18 unit residential apartment building in prime Walteria/South Torrance area. Situated in a strong rental market, this well maintained building offers a mix of spacious 1 & 2 bedroom apartments with 1 studio & a bonus unit.

-INCOME- Current gross scheduled income is $290,352/year. However, pro forma/market rents could bring the Gross scheduled income conservatively to around $425,000/year.

-LAYOUT- Large 11,738 sqft building on a 17,440 sqft lot. 25 bedrooms in total with 19 bathrooms and a bonus, 450 sqft studio that is currently being used for storage. 9 (1 bedroom/1 Bath), 8 (2 bedrooms/1 Bath) & 1 (Studio). Total of 18 garage spaces; 8 covered garages w/ auto door openers & 10 covered garages. Co-Op shared laundry room w/ 2 washing machines & 2 dryers. Rent includes trash & water while tenants pay electrical, gas, cable, etc. Each unit comes with a stove.

-SCHOOLS- Top rated school district in the country; 10/10 South High school, 9/10 elementary and middle schools.

-MAINTENANCE/UPDATES- Exceptionally Maintained throughout the years w/ a new roof in 2020, new dual pane windows & gutters throughout (2017), new sprinklers covering the entire lot (2017), water heater (2017), most individual fuse boxes are less than 10 years old, & exterior painting of entire building was completed in 2017.

-LOCATION- Groceries, shopping, restaurants all within a 1 mile radius, 6 min drive to the Hollywood Riviera in Redondo Beach, 7 mins to the Pacific Ocean, 5 min drive to the Palos Verdes Peninsula & 25 mins to LAX airport. Centrally located in the heart of highly distinguished Walteria/South Torrance area & a rare opportunity to own a generational, top tier property!

Location

State CA

County Los Angeles

Area 129 - South Torrance

Zoning TORR-MH

Interior

Interior Features Storage, Galley Kitchen

Flooring Carpet, Laminate

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 8.0

Carport Spaces 10

Garage Description 8.0

Pool None

Community Features Curbs, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 18

Private Pool No

Building

Lot Description 16-20 Units/Acre, Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7378008080

Energy Description 6686.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Probate Listing, Trust

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California Regional MLS (CRMLS)
Listed by Brok Butcher • Butcher Realty • 310 710-6387
Bought with Martin Ensbury • Lyon Stahl Investment Real Estate, Inc.
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23670 Hawthorne Blvd. #100 Torrance, CA 90505

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